Amazon China offers lending service in China

Source: cnbc, Friday, May 10, 2019

After recently shuttering its Chinese marketplace, Amazon is still aggressively pursuing growth in the country with a new lending service that could help bolster its sprawling seller community there.

The program is called Lending Referral Program, according to a post in Amazon’s sellers’ forum, which is only open to merchants doing business on the site. Screenshots of the post were viewed by CNBC. Amazon picks and connects prequalified sellers with a local lender in China, offering short-term loans to help the sellers purchase inventory and expand their business.